DAR vs PSX: Correlation
Darling Ingredients Inc. (DAR) and Phillips 66 (PSX) show a moderate relationship: their 3-year correlation of weekly returns is 0.52.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DAR and PSX?
Across a 3-year window, the weekly returns of DAR and PSX correlate at 0.52, moderate. Recent behaviour matches the longer record: 0.56 over 1 year against 0.52 over 3. Stretching to 5 years gives 0.44, with an annualized covariance of 652.1 %².
PSX is one of the assets that tracks DAR most closely: it ranks #1 out of the 13 assets we track against DAR. On 12-month performance PSX holds a 7.9-point edge, +78.3% against +86.2%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
DAR vs PSX: side by side
| DAR (Darling Ingredients Inc.) | PSX (Phillips 66) | |
|---|---|---|
| 1-year return | +78.3% | +86.2% |
| 5-year return | -19.2% | +301.8% |
| Volatility (ann.) | 37.8% | 33.4% |
| Beta vs S&P 500 | 0.63 | 0.58 |
| Max drawdown (3Y) | -56.0% | -44.4% |
| Market cap | $9.7B | $96.1B |
| P/E (trailing) | 16.8 | 13.8 |
| Dividend yield | 0.00% | 2.04% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | DAR | PSX |
|---|---|---|
| 2022 | -9.7% | +49.6% |
| 2023 | -20.4% | +33.1% |
| 2024 | -32.4% | -11.6% |
| 2025 | +6.9% | +17.5% |
| 2026 | +70.5% | +89.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DAR and PSX good diversifiers for each other?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DAR and PSX?
As of 2026-08-27, the correlation of weekly returns between DAR and PSX is 0.52 over 3 years, 0.56 over 1 year and 0.44 over 5 years.
Is PSX a good diversifier for DAR?
Somewhat, no more. With 0.52 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.52 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dar-vs-psx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dar-vs-psx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: DAR correlations · PSX correlations
